On December 31, 2025, Sheridan Company sells production equipment to Golden Inc. for $82,500. Sheridan includes a 1-year assurance warranty service with the sale of all its equipment. The customer receives and pays for the equipment on December 31. 2025. At December 31, 2025, Sheridan estimates that $1,700 of warranty costs will be incurred in the second year of the warranty. Repeat the requirements for (a), assuming that in addition to the assurance warranty, Sheridan sold an extended warranty (service-type warranty) for an additional 2 years (2027-2028) for $1,200. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Debit Credit